eze we saw. now we'll see how it will trade. oil will be fine about 47, 48. david: 4is the bottom, according to todd -- 47. "willis report" is next. we'll see you tomorrow. gerri: hello everybody, i'm gerri willis. this is the "willis report," the show where consumers are our business. drivers have enjoyed a record decline in gas prices. >> 1.99 and i like it. >> but it's not opec threatening to push prices up again. it's a union dispute at refineries around the country. we'll have the details. >> if something doesn't break free, it will spread. gerri: is the government lying about the unemployment numbers? one influential ceo is causing a stir with his comments. after republicans in the house vote to repeal obamacare what's their plan for a replacement? the alabama congressman leading that charge will tell us. >> my legislation instructs the appropriate house committees to move forward with alternative

solutions that aren't run by the federal government. >> also the former governor of indiana, mitch daniels, is here. he is the new president of purdue university and he is starting a much-needed revolution in higher education. we'll hear all about it. coca-cola's new milk hits the shelves. did you ever think milk could be so extraordinary? well we did. gerri: it's a premium brand, premium priced milk but would you drink it? all that and more coming up on "the willis report" where consumers are our business. gerri: five cents a gallon overnight, that is how much gas prices have bonn up. if you're wondering why well you can't blame opec or frackers. union workers who man some of the most important refineries in the country are striking demanding hefty pay hikes even as oil prices sunk like a stone. will our energy producers cave

to union demand? what does it mean with your bottom lines? we have the ceo of bright link energy corporation and oil and natural gas company based in dallas. great to have you here sir. >> thank you gerri. gerri: three-year contract negotiated for 30,000 workers. this is a national contract between royal dutch/shell and the united steelworkers. how big of a deal is this? >> this hasn't occurred really a strike, in 35 years. obviously a big deal. timing couldn't be worse for oil producers reeling with 60% loss in price of crude oil. cutting back on spending. the pop we saw in gasoline has people concerned this could impact a refinery's ability to convert crude into gasoline. of the so far things are running pretty smoothly running at normal levels right now. gerri: how much does the union want? >> they want 6% increase pay

which is double what they asked for in the past. which she, the company they chose to be lead bargaining table at the we're not doing. that unions say it is about safety, isn't about money. in reality they're asking for pay raise double what they have done in the past. gerri: my friend, chris, look what the rest of america got okay? according to mercer. unions demanding 6%. the average worker got 3% in 2015. that is according to mercer. if you look at government number, more like a flat line. nobody is making that much more money. is it fair? >> i don't think it is fair. one they want to keep their jobs. that is what it fair. number two if they want to make demand be more reasonable. as far as asking for a pay raise that is double that of the historical, more than most other americans are getting i think it is an issue. i'm with shell on this they have to push back and dig their heels

in on it. gerri: what lengths are the oil companies doing to get oil refined? >> they're bringing in non-union workers. these refineries run on cookie cutter type process. they could run on skeleton crew. one refinery in california does 116,000 barrels a day. it is off-line now. it was partially off-line. when we get in march a lot of refineries come off-line and do maintenance and repair work. we see a spike in gasoline prices because of that. this could be a double hit. gerri: good point. double-whammy possibly. when you see prices go up per gallon as much we see overnight you have to pay attention. so just from your perspective where are prices going next? >> i think gasoline prices see a pop between now and march. that doesn't mean we're not at

six-year historical lows. gas is pretty cheap at the pump. i would see it go up only because of maintenance happening in march if the strike is not over with. we might see a bump, 15, 20 cents a gallon. i don't think it will be major spike as long as oil prices remain where they're at. most input costs will be enjoyed for rest of this year. gerri: we love this, love these prices. thanks for coming on the show tonight. >> thanks, gerri. good seeing. >> good to see you. rising gas prices could put a dent in americans wallets in a tough economy. gallup ceo jim clifton who has finger on pulse of america says rosie government jobs numbers they're a lie. what is this jobs report not telling you? we're asking guy benson senior political editor for townhall.com. fox news contributor. welcome back to the show guy. the numbers are baloney? >> sort of. he is calling it a big lie which

might be a stretch considering both parties used this so-called u-3 number for many many years. if it's a big lie -- gerri: we've been lying for a long time. >> some people are pointing to this piece by the gallup ceo, it is proof that the obama administration is cook the books. this is very longstanding figure used. the point he makes though, as he unfolds the data i think absolutely, a very strong case can be made that this is not a number accurately reflects unemployment rate in the united states. gerri: to interrupt you here, our viewers tell us every single day. look at neighborhood. people in church. what we find the numbers don't -- 5.6 sound like nirvana for unemployment rate but reality of it is far, far different. >> that exactly right. he explains what isn't included. types of people consider themselves to be unemployed or

certainly underemployed. they're not factoring in. gerri: stopped looking for work working part time but a want a full-time job but mode a lawn at work, get paid a little money you're not counted in these numbers. >> that is exactly right. people talk about workforce participation rate 30-year low. that is not reflected as you say seems rosie and good. to call it a big lie and pin it on this administration is a stretch. he is right the american people should know that doesn't tell the whole picture. people feel that intuitively. if you look at most recent "fox news" polling, most people believe the economy is improving, there is good news, almost 2/3 believe america is in recession. that 5.6 number does not reflect how they feel. gerri: this recovery is old, fascinating how it feels, and what the reports are. i want to turn to very important

story developing on economy today. jeb bush making a speech. bring in rich edson to tell us what this potential presidential president is saying about the economy. rich? >> the speech he described as his economic vision for the country, former florida governor jeb bush is promoting broad conservative principles for the federal government. bush is considering running for president. he will continue to offer specifics of his economic platform in the coming months. bush says u.s. economic growth should at least reach 4% about double its current rate of expansion. the opportunity gap between rich and poor the defining issue of our time to address it a more better limited government will foster economic growth. >> this is messy but it is essential. we've seen all the battles. the cap companies fight web-enabled car service. restaurants fight against the food trucks. brick-and-mortar retailers fight against internet companies. i'm not here to take sides. i don't think government should

either. but when government protects one business against another or tilts the field of competition, there's a clear loser. >> republicans are beginning to discuss in being inequality broadly, president obama said republicans are simply following democrats. they claim the gop solution was worsen divide. republicans say the administration is only interested in growing the government. bush says instead after safety net to cushion our occasional falls the federal government built a spider web that traps people in perpetual dependence. gerri. gerri: i have to tell you, he is brave to go to detroit where they haven't voted for a republican president in about 30 years. we'll give him points for that. are challengers saying anything at all all about the bush speech. >> a spokesperson for another potentialal contender kentucky senator rand paul says in a statement, quote, it is great to see governor jeb bush follow

senator rand paul's lead proposing solutions to revitalize detroit. we hope governor bush continues to emulate senator paul by detailing his proposals and reaching out to help the party. senator paul will continue lead way expanding republican party by bringing real solutions to american cities like detroit. to note paul's spokesman is also former employee of this network, gerri. gerri: thank you for that rich. appreciate your time. guy i want to turn to you to get reaction from this. thing i liked that we should settle for nothing less than 4% growth. that is the thing i like. >> he talked about opportunity inequality which i think is very important theme. i have not made much of secret of fact that i'm not most vociferious excited cheerleader for another bush-clinton election but i have to admire tenor of the speech, a lot of content of the speech and fact he went to detroit to give it this is blue state, very blue city, that has been failed by

liberalism now year after year after year. republicans have to ask for votes and present their ideas everywhere including places like detroit. gerri: i hate to get you on record for this so early in the season. interesting to see bush really throw his hat in here and run for the ring. will this be another race where we lots and lots and lots of republicans or will it narrow pretty quickly. >> already there are lots and lots and lots of republicans rumored to enter the race. only big one basically said no so far is paul ryan with a lot of other people making types -- gerri: romney? >> i guess romney too now. i had almost forgotten about him. everyone else making serious moves. gerri: i hope we don't have 20 people on dais. >> 12 to 16 would not surprise me at beginning. gerri: great to see you on the show, guy. we want to know what you think. here is our question tonight. do you believe in the government's jobs numbers?

log on to gerriwillis.com and vote. i will share the results at the end of tonight's show. still a lot more to come this hour including does milk need a makeover? coca-cola thinks so. details on super milk hitting store shelves nationwide. former governor of indiana and current president of purdue university, mitch daniels is here. he has done what others said is impossible. freeze, freeze due tish one costs. other colleges taking note. all this and more coming up after the break.

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providing a first class education. purdue's president and former indiana governor mitch daniels joins us now. governor thanks for being with us. >> hi, gerry. to have you here. perdue, 36 straight years of raising tuition. you changed it. how did you do that? >> oh, on instinct, to start with but we've extended it two more years now. and i have to tell you it has not been that difficult to do. a lost low fruit. some common sense things. let's, perdue was no -- purdue was no different than most other universities. they raised prices because they could. they raised prices in part because a third party, namely government was flooding the market with subsidies if he and making buyers, students less sensitive to price. but, you know we believe at purdue excellence for which we have a reputation and affordability can and must go

together and our total cost of attendance is down over the last two years because we not only froze tuition, we reduced the price of room and board. gerri: unbelievable. you're chopping prices sort of at every level. big important things and small things as well. how much waste did you find and where did you start looking when you first got there. >> well we actually enlisted the entire campus. i will say, we're a vibrant campus. people disagree about every subject you can think of except that we treasure our heritage as a school that is available and accessible to students of all income levels and everybody on campus faculty staff and administrators, have all contributed idea. we look more advantage of our scale. we modernized our health care plan. and, we found a variety of ways, large and small, to make due so

far. we've, made it for three years. we'll see how much further we can go. gerri: we have done a lot of work in this area. i spoke recently to somebody about a little university in new jersey called keane university, that spent $210,000 on a statue for the campus. and there is a lot of criticism of that kind of thing out there. did you find purdue making same kinds of choices? >> well, not, none quite so flagrant as that but i will say universities everywhere, another reason for the run-up have been in a little arms race of their own around amenities things that don't factor directly into the academic enterprise. no one who has been out of school more than, i don't know 10 years would recognize, for instance, the quality quantity, variety of food that now is served, college food is supposed to be terrible right? all the same not anymore. gerri: sushi. you guys have everything.

>> yeah. gerri: you're changing all that though. listen, some of the solutions being proposed by the obama administration would seem to take away that very quality that you prize. want to go from four-year college degree to three years. that is what the president says. he wants people to go to community college for first two years. is this right way to go? >> for a lot of students it is the right way. we do need a much stronger, i believe, community college system in the country. what i what i think we know for sure is that every young american needs a genuine first class k12 education which many did not get today. then something beyond college. beyond high school. it might not be and will not be for some, the four-year, and beyond college education. it may well be two years of community college. it may be vocational but it will have to be something beyond secondary school. i will say we at purdue are

moving toward three-year degrees where they can apply. that is another way to keep things more affordable. making more summer courses available. gerri: the flipside, of that governor, a lot of students out there, they're not doing four-year degrees. they're doing six-year degrees. that is one of the reasons it is so expensive. i have to ask you before you go. we talked about jeb bush's speech today. i wonder if you have any favorite candidates in the republicans, among the republicans coming up? >> well ultimately like any citizen i have a favorite candidate but i won't talk to you about it tonight, gerri. that was then. this is now. i'm proudly non-partisan as a employee of a very non-partisan institution. >> we can't talk you into throwing your hat in the ring can we? >> no. that is a dead letter but thanks for mentioning it. >> governor, thanks for coming on. it was a pleasure speaking to you.

coming up later in the show our money coach is here to help another "willis report viewer. we'll answer a very common question many of you have been asking. and repealing and replacing obamacare. we know the repeal part but what is the replacement? the alabama congressman behind that move explains his plan there he is coming up next.

gerri: you saw it here last night. the moment republicans in congress repealed obamacare. so what happens next? with us now, congressman bradley burn from alabama one of the leading lawmakers in d.c. pushing for repeal and replacement of obamacare.

welcome, congressman. good to have you here. you say no tinkering. we have to get rid of the whole thing. why? >> if you look at the law it is not working. this is not one of those laws you funnel in another piece here and another there it will fix it. we took a bad law that turns into frankenstein. american people want something better. best thing the law was mistake pull back, something patient centered allows health care consumers of america to shop nationwide for health care insurance program that works for them at money they want to pay. if we go into that direction it will be better for everybody. gerri: next steps for your bill. it passed the house. moves on to the senate. when do they vote and what do you think happens in the senate? >> i don't know the questioned all in the senate. they have a much slower than in the house. took them two weeks to get through the keystone pipeline bill. things will move slower in the

senate. i believe they will take it up. which is something wasn't possible before when harry reid ran the senate. this will be taken up in the senate. they have to find six democrats to vote with 54 republicans. leadership will work very hard on that. we'll try to get some of those votes. at end of the day these democrats have to run on this bill as well. they didn't fare too well last november. gerri: that didn't work so well, particularly for senators. that's for for darn sure. president said recently obamacare is working better than intended. doesn't sound like he wants to sign your bill. what are the chances he puts his john doe on it? >> i believe in in taking everything one step at a time. i know he already issued a veto threat on this i wish he held his powder a little bit on it, but let me say this. when i talk to people in my district, when i talk to just average people they are angry as they can be about this law because it is not working for them. and if they express themselves enough around the country, and they have been doing so if they continue to do that, i think he will see a lot of pressure on

him because there is lot of pressure on members of his party and congress. i'm ready to push at every step. if he vetoes, we take it at that point in time what it is. >> congressman, we talk to people on these shows, we talk about people real people not congressman or people that have been elected about their stories about obama care. they have had their insurance coverage flattened. they have had it taken away. they're in situation where maybe they have no coverage at all, and they're paying out-of-pocket. what is one specific item you would like to see in a replacement bill that would really help americans? >> i want the american people to be able to shop nationwide for their health insurance. even before obamacare, you couldn't do that. you could only shop for the health insurers that were admitted to your state. i want to open it up nationwide so we can shop for health insurance like we shop for anything else online. we can pick what is tailored for each of our need.

second thing i do, make sure we preserve for the american health care consumers the ability to work out what they need to do for their health care with their personal physicians and other health care providers. if you do those two things, let market-based approach work work with health care provide. >> we get a better health care system forker one. gerri: congressman, thank you. >> good to be with you. gerri: coming up later golf caddies are suing the pga we're digging into an unusual case. our money coach is here to how to bounce back from an economic downturn that let one father to short sell his home. you want to hear this. stay tuned.

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other stories in the news. the ntsb is on the scene of last night's commuter train crash in new york. six people were killed after the train hit a car on the track. gm paid $93 million to the ignition switch victims. it received 4,000 claims. staples is buying office depot for $6.3 billion. they stopped the company from -- they accept them to approve the deal because of competition from online retailers and mega stores. and ups is tacking on extra fees. it will start adding surcharges for residential packages. not all customers will see the surcharges immediately, but it will be rolled out over time for residential customers. that's you and me. are those some of the stories in the news tonight. now to my favorite time of the week. it's when viewers like you come on the show and get expert financial advice. tonight, we have a

father of three that was hit hard by the 2009 downturn. he made the difficult decision to short sell his home. but was it the right choice. our president michael leeston. welcome to you both. great to have you here. i'll start with john. let's go over what happened with you. you're 55. married with three children. health care executive. a heck of a resume. you got caught in this 2009 downturn. such a handsome family. like nobody's business. what happened? >> yeah. it was crazy. and i think in 2009, we got hit obviously like the rest of the country with a hit on our finances which kind of drained some of our resources. then in 2010, i was laid off with a national firm, a national company. and unfortunately it took an extended period of unemployment and along with getting hit by a downturn in the

property values in florida, so we saw our home significantly devalued and extended unemployment. draining our resources. so we felt the best thing to do was to short sell our house. gerri: so you lost all told, as i understand it, about $300,000 on the house itself. now, that's a tough thing to come back from. and my is, your retirement savings are probably not doing well either. >> right. retirement savings took a hit. as well as just the setback and almost two years of unemployment. no income. so it was a considerable, you know downturn for us. i think looking forward i started a firm in 2013 a government relations firm and it's doing quite well. so i'm very optimistic about the future. but, still, you know, we're still asking the question, how do we rebound from such a downturn in the economy and a short sell of our home. gerri: you're the primary

breadwinner of your family. michael, i want to bring you in, and ask you the other option that john's family would have had would be going into for foreclosure which is not pretty. >> given john's circumstances, short sell is the right option. it sounds like john, you're on the backside of a trifecta of life circumstances. my recommendation, you've already implemented. the best recommendation is to start your own business. when you foreclose on on a property, affects your credit report. with a foreclosure, you have to wait four years. with a short sell you only have to wait two years. gerri: and michael define short sell for our viewers, would you? >> yeah. great question. a short sell is simply

when you sell the house for less than the mortgage on the property. and as a result, you have a deficiency that the lenders have kind of a quagmire on how to deal with. gerri: he's doing all the right things. he started his own business. and he's trying to set some money aside. you say the short sell won't negatively affect his credit as much as a foreclosure. he compressed the amount of time that he will be under the gun. >> correct. that's right. gerri: i want to walk through some of his financials. i'll go through them. and you tell me if he's doing things correctly. ira $480,000. he's doing well. 260,000 for 2014. an emergency fund of 20,000. liabilities of 128,000. that's on the negative. that's money he owes. then he's paying rent of $2,300. what would you like him to do differently here? >> well, i think it's

helpful if you don't have high debt. now, john, in your situation, your income is real high so you're at a good place to be able to service that debt. i would certainly encourage you to start to continue to pay that down at a pretty good projected pace. now, i would recommend your emergency fund is a little bit weak. in most cases the real of thumb is six to 12 months that you save up in emergency funds. in your case maybe 60 to $70,000 over time. the reason i say that for you is that your income is high enough if your emergency fund is about 60 to 75, you could probably cash flow any major issue that you have. the other recommendation that i would have is that you're 55, you have your own business really start to chunk away at your retirement. there's a couple of options -- gerri: wait a minute. michael, there's one thing he won't chunk away at. he has three kids that are pretty young and about to approach college.

>> that's right. gerri: what should he do there? >> well, i think that college is very important. i think that's a personal decision that a lot of people need to make. so allocating money into savings is important. allocating money towards retirement is important. but i also think that making personal decisions about whether or not you put money aside for kids' education is something that each individual can -- can make. gerri: all right. you guys were great. john, thank you for coming on. telling your story. sounds like you worked your butt off to turn things around. we love to see that. michael, great advice. appreciate that. great to have both of you. now it's your turn. do you have a question for our willis report money coach? go to gerriwillis.com. send us an email. you could be a guest on on the show. this year marks the 50th anniversary of warren buffett taking over berkshire hathaway. he sat down with liz

claman. according to the oracle of omaha, he doesn't see the federal reserve hiking rates any time soon. warren: it's going to be very tough to raise rates when you have what's going on around the world. i mean, if europe has got them at zero, and you get rates higher in the united states, that would exacerbate a problem with the stronger dollar and funds flow. i think they have a very tough -- it would be tough for them to raise rates. liz: janet yellen, has she created unintentionally any kind of bubble that you can see? warren: no. liz: no bond bubble? nothing? warren: the last asset i would buy would be a 30 year government bond. that's a by-product of other policies that make sense. liz: how about a 10-year? warren: i don't want a ten day bond. >> go to foxbusiness.com to see the interview in

full. fox business' hit new show, "strange inheritance" coming up. jamie colby is here on what to expect on tonight's episode. coca-cola is getting into the business of selling milk. not just any old milk. what's new in the grocery store. here's your consumer gauge with the numbers that mean the most to you. we'll be right back. ♪

gerri: when some people inherit something from a loved one, you usually think of a home or jewelry. a new show on our network, "strange inheritance" is focusing on how families handle the unique treasures. jamie colby. jamie, welcome back. >> jewelry. all that sounds good too. gerri: i would love to have any

of it. would love for my family to leave me anything. it's not happening. you have great episodes coming up. i'm dying to see the bonnie and clyde episode. >> it's really unique. imagine if you collect guns which many people do particularly in the south, and your father leaves you bonnies and clydes from the death car. then you have to decide, should i keep it? should i share it? what's it worth? we ask all those questions. and we'll tell you things about bonnie and clyde that you thought you knew but may not have. gerri: are there twists? there's a serial numbers. what happened with that. >> can't sell a gun without a serial number. the auction house gets excited to sell bonnie and clyde's gun. no serial number. do they tell the atfs they have it. it could be melted down

forever. you have to watch it 9:00 p.m. gerri: you're not going to tell me, are you? >> i won't tell you. we have that and an episode about a nickel that looks like any other nickel except it's from 9013 and it turns 1913. >> i got the box out. the nickel was there. >> ryan takes the envelope with the nickel in it and places it on his nightstand. >> i used to look at it late at night. one time i just imagined she's sitting there saying to me, they say i'm not real. what do you think? >> he see how these items talk to these people? gerri: yes. jamie: and every one of them has a story. i've been in attics. garages. pens with gators. the bottom line, these are hard-working --

hard-working families. these two episodes tonight are really special and unique. gerri: you know, i love the people. that's what's so much fun. it's meeting these people and how they deal with these situations. jamie, thank you for coming on. i'll watch tonight. jamie: i know you're enjoying it. so many people are. gerri: great stuff. watch it with your family. watch "strange inheritance." 9:00 p.m. eastern. don't miss it. and moving on to food, one of our favorite topics, coca-cola is getting in the dairy business. sales on the decline the carbonated giant is selling cow's milk with half the sugar, but twice the price. will people buy into this. phil. phil great to see you again. >> great to see you. gerri: when i go to my supermarket, it seems like the milk aisle is the longest aisle in the whole store. what is going on in this

category? >> when you look at milk sales, we're consuming a third less milk than back in 1970. the reason this milk is so important is it's really a new type of product because of an ultra filtration. what they're able to do is actually take the protein and the sugar change the configuration. think of it as a concentrate. they're not adding enzymes or anything artificial in it. this is real cow's milk, but much healthier. you mentioned coca-cola. it's actually the minute maid division who is the distribution partner. they're going into the market with minute maid refrigerated orange juice. let's not forget almond milk, soy milk, everyone is taking cow's milk sales away. >> it's goat milk.

kefir. here's what they call affair life milk. 50% more protein. no lactose. so it appeals to people with a lot of different levels. (?) why can't i have milk-milk. is this too much tinkering with what's a good thing? >> i don't think so. in fact, i don't think it's i think i think tinkering at all. people are stopping drinking milk. it will keep the current milk drinkers drinking milk because it's a healthier milk, if you would because of the added protein. the sugars are naturally occurring sugars in milk. no one is adding sugar to milk, except in the case of some flavored milk. gerri: i have to go to you to this. something that you'll be critical of. the cost is about double the average milk. 3.98 for a half gallon.

3.82 for a whole gallon. tell me you support that, my friend. >> i don't support it. in fact, i'm not even sure as this product is rolling out and keep in mind it just started rolling out a couple of days ago, i don't think we'll see it at double the price. at double a price you'll have a lot of sticker shock going on no matter how healthy it is. coca-cola is not a stupid company nor the dairy producing this. a good sustainable dairy. we'll see intro intro pricing taking place. maybe it will then go to double. but i don't think we'll see it double the price of milk. gerri: i like old-fashioned milk. thank you for coming on. still to come, golf caddies are claiming that the pga is treating them as second class citizens. what's shaking up the world of professional golf, coming up.

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gerri: a group of caddies working for some of the most popular golfers in the world are filing suit against the pga tour. the caddies claim they are due money for being walking billboards for corporate sponsors during pga tournaments. do they have a case. jessica explains why she thinks they do. explain. >> okay. when you watch a pga tour event every week, what do you see? you see the caddy standing next to their players. what are the caddies wearing? bibs with corporate sponsors on them. gerri: you can see them right

here. >> the pga tour is making millions of dollars off this. the caddies aren't seeing any of this money. the caddies are contending it's preventing them from having their own sponsors. a lot of them have their own sponsors. gerri: they're famous in their own right. which is interesting. what are they making the average caddy not the steve williams of the world. >> generally 10% used to be the baseline. now, like you said, a guy like steve williams, working for tiger woods he's on a nice retainer. they're making five 10% depending on the player. it's a tough life out there for caddies. gerri: i want you to hear some sound from greg norman who came down on the same side you do. this is on varney's show. >> they're professional caddies. this is what they do. they're part of a team.

if you're part of a team, you should be looked on as that professional caddy. so i think they have a lot of merit. it will be interesting to follow the case. so good luck to them. gerri: so, jessica, how important are these caddies to the players? >> essential. you would never see a pga tour without them. they read the greens. they're out there walking the course days before the tournament even begins. adam scott even credited steve williams with reading the putt that won him the master's. that's a big deal. i can't imagine professional golf without these guys out there. gerri: what are their chances? you're in favor of them winning, but will they win? >> the tour has pretty deep pockets. they can definitely extend this lawsuit for a long period of time. it will be very expensive. long way to go. if it gets through the next several months, the tour will likely settle.

this is bad publicity. gerri: these sponsorship earnings are about $15 million a year for the pga tournament. it's interesting the way this is set up. because they're not for-profit. if you think of them as a nonprofit but, on the other hand, they're making a ton of dough. >> that's right. gerri: great to see you again. thank you for coming on the show. we'll be right back.

gerri: so here's the question we asked on gerriwillis.com. you see it right there. do you believe a government's jobs numbers? only 1% said yes. 99% said no. be sure to log on to gerriwillis.com for our online question every weekday. that's it for tonight's willis report. thanks for joining us. "making money" with charles payne is coming up next. you won't want to miss that. have a great night. ♪

♪ charles: i'm charles payne and you're watching "making money." the dow finished up six points. but don't let that fool you. it was a crazy day in the market. in fact, since the stocks were on the verge of another late rally the game in europe derailed the markets. the earning rate went on. what it means for your 401(k). first, let's go to adam shapiro. he's in for nicole on the floor of new york stock exchange. adam. >> hey, charles. let's talk about oil. because we were trading at the start of this session around 50.80 a barrel. then we had the ei report and it showed that inventories were much larger than they expected. somewhere around